Termination of Agreement, Resignation, or Removal of Custodian. Either party may terminate this agreement at any time by giving written notice to the other. We can resign as custodian at any time effective 30 days after we send written notice of our resignation to you. Upon receipt of that notice, you must make arrangements to transfer your IRA to another financial organization. If you do not complete a transfer of your IRA within 30 days from the date we send the notice to you, we have the right to transfer your IRA assets to a successor IRA trustee or custodian that we choose in our sole discretion, or we may pay your IRA to you in a single sum. We will not be liable for any actions or failures to act on the part of any successor trustee or custodian, nor for any tax consequences you may incur that result from the transfer or distribution of your assets pursuant to this section. If this agreement is terminated, we may charge to your IRA a reasonable amount of money that we believe is necessary to cover any associated costs, including but not limited to one or more of the following. • Any fees, expenses, or taxes chargeable against your IRA • Any penalties or surrender charges associated with the early withdrawal of any savings instrument or other investment in your IRA If we are a nonbank custodian required to comply with Regulations section 1.408-2(e) and we fail to do so or we are not keeping the records, making the returns, or sending the statements as are required by forms or regulations, the IRS may require us to substitute another trustee or custodian. We may establish a policy requiring distribution of the entire balance of your IRA to you in cash or property if the balance of your IRA drops below the minimum balance required under the applicable investment or policy established.
Termination of Agreement, Resignation, or Removal of Custodian. Either party may terminate this Agreement at any time by giving written notice to the other. The Custodian can resign at any time effective 30 days after mailing written notice of its resignation to the IRA Owner. Upon receipt of that notice, the IRA Owner must make arrangements to transfer the IRA to another financial organization. If the IRA Owner does not complete a transfer of the IRA within 30 days from the date the Custodian mails the notice to the IRA Owner, the Custodian has the right to transfer the assets of this IRA to a successor IRA custodian or trustee that the Custodian chooses in its sole discretion, or the Custodian may pay the assets of this IRA to the IRA Owner in a single sum. The Custodian shall not be liable for any actions or failures to act on the part of any successor custodian or trustee, nor for any tax consequences the IRA Owner may incur that result from the transfer or distribution of IRA assets pursuant to this section. If this Agreement is terminated, the Custodian may charge this IRA a reasonable amount of money that it believes is necessary to cover any associated costs, including but not limited to, one or more of the following:
(a) any fees, expenses or taxes chargeable against this IRA;
(b) any penalties or surrender charges associated with the early withdrawal of any savings instrument or other investment in this IRA. The non-bank Custodian shall substitute another trustee or custodian if the non-bank Custodian receives notice from the Commissioner of Internal Revenue that such substitution is required because it has failed to comply with the requirements of Regulations Section 1.408-2(e). The Custodian may establish a policy requiring distribution of the entire balance of the IRA to the IRA Owner in cash or property if the balance of the IRA drops below the minimum balance required under the applicable investment or policy established.
Termination of Agreement, Resignation, or Removal of Custodian. Either the custodian or the responsible individual may terminate this agreement at any time by giving written notice to the other. The custodian can resign as custodian at any time effective 30 days after sending written notice of its resignation to the responsible individual. Upon receipt of that notice, the responsible individual must make arrangements to transfer the Xxxxxxxxx ESA to another financial organization. If the responsible individual does not complete a transfer of the Xxxxxxxxx ESA within 30 days from the date the custodian sends the notice to the responsible individual, the custodian has the right to transfer the Xxxxxxxxx ESA assets to a successor Xxxxxxxxx ESA trustee or custodian that the custodian chooses in its sole discretion, or the custodian may pay the Xxxxxxxxx ESA balance to the designated beneficiary in a single sum. The custodian will not be liable for any actions or failures to act on the part of any successor trustee or custodian, nor for any tax consequences the designated beneficiary may incur that result from the transfer or distribution of the Xxxxxxxxx ESA assets pursuant to this section. If this agreement is terminated, the custodian may charge the Xxxxxxxxx ESA a reasonable amount of money that it believes is necessary to cover any associated costs, including but not limited to one or more of the following. • Any fees, expenses, or taxes chargeable against the Xxxxxxxxx ESA • Any penalties or surrender charges associated with the early withdrawal of any savings instrument or other investment in the Xxxxxxxxx ESA If the custodian is a nonbank custodian required to comply with Regulations section 1.408-2(e) and fails to do so or the custodian is not keeping the records, making the returns or sending the statements as are required by forms or regulations, the IRS may require the custodian to substitute another trustee or custodian. The custodian may establish a policy requiring distribution of the entire balance of this Xxxxxxxxx ESA to the designated beneficiary in cash or property if the balance of this Xxxxxxxxx ESA drops below the minimum balance required under the applicable investment or policy established.
Termination of Agreement, Resignation, or Removal of Custodian. Either party may terminate this Agreement at any time by giving written notice to the other. We can resign as Custodian at any time effective 30 days after we mail written notice of our resignation to you. Upon receipt of that notice, you must make arrangements to transfer your Xxxx XXX to another financial organization. If you do not complete a transfer of your Xxxx XXX within 30 days from the date we mail the notice to you, we have the right to transfer your Xxxx XXX assets to a succes- sor Xxxx XXX custodian or trustee that we choose in our sole discretion, or we may pay your Xxxx XXX to you in a single sum. We shall not be liable for any actions or failures to act on the part of any successor custodian or trustee, nor for any tax consequences you may incur that result from the transfer or distribution of your assets pursuant to this section. If this Agreement is terminated, we may charge to your Xxxx XXX a reasonable amount of money that we believe is necessary to cover any associated costs, including but not limited to, one or more of the following: • Any fees, expenses, or taxes chargeable against your Xxxx XXX; • Any penalties or surrender charges associated with the early withdrawal of any savings instrument or other investment in your Xxxx XXX. If we are required to comply with Regulations Section 1.408–2(e), and we fail to do so, or we are not keeping the records, making the returns, or sending the statements as are required by forms or Regulations, the IRS may, after notifying you, require you to substitute another trustee or custodian. We may establish a policy requiring distribution of the entire balance of your Xxxx XXX to you in cash or property if the balance of your Xxxx XXX drops below the minimum balance required under the applicable invest- ment or policy established.
Termination of Agreement, Resignation, or Removal of Custodian. Either party may terminate this agreement at any time by giving written notice to the other. We can resign as custodian at any time effective 30 days after we send written notice of our resignation to you. Upon receipt of that notice, you must make arrangements to transfer your XXX to another financial organization. If you do not complete a transfer of your XXX within 30 days from the date we send the notice to you, we have the right to transfer your XXX assets to a successor XXX trustee or custodian that we choose in our sole discretion, or we may pay your XXX to you in a single sum. We will not be liable for any actions or failures to act on the part of any successor trustee or custodian, nor for any tax consequences you may incur that result from the transfer or distribution of your assets pursuant to this section. If this agreement is terminated, we may charge to your XXX a reasonable amount of money that we believe is necessary to cover any associated costs, including but not limited to one or more of the following. • Any fees, expenses, or taxes chargeable against your XXX • Any penalties or surrender charges associated with the early withdrawal of any savings instrument or other investment in your XXX If we are a nonbank custodian required to comply with Regulations section 1.408-2(e) and we fail to do so or we are not keeping the records, making the returns, or sending the statements as are required by forms or regulations, the IRS may require us to substitute another trustee or custodian. We may establish a policy requiring distribution of the entire balance of your XXX to you in cash or property if the balance of your XXX drops below the minimum balance required under the applicable investment or policy established.
Termination of Agreement, Resignation, or Removal of Custodian. Either party may terminate this Agreement at any time by giving written notice to the other. We can resign as Custodian at any time effective 30 days after we mail written notice of our resignation to you. Upon receipt of that notice, you must make arrangements to transfer your XXX to another financial organization. If you do not complete a transfer of your XXX within 30 days from the date we mail the notice to you, we have the right to transfer your XXX assets to a
Termination of Agreement, Resignation, or Removal of Custodian. Either party may terminate this Agreement at any time by giving written notice to the other. We can resign as Custodian at any time effective 30 days after we mail written notice of our resignation to you. Upon receipt of that notice, you must make arrangements to transfer your Xxxx XXX to another financial organization. If you do not complete a transfer of your Xxxx XXX within 30 days from the date we mail the notice to you, we have the right to transfer your Xxxx XXX assets to a succes- sor Xxxx XXX custodian or trustee that we choose in our sole discretion, or we may pay your Xxxx XXX to you in a single sum. We shall not be liable for any actions or failures to act on the part of any successor custodian or trustee, nor for any tax consequences you may incur that result from the transfer or distribution of your assets pursuant to this section. If this Agreement is terminated, we may charge to your Xxxx XXX a reasonable amount of money that we believe is necessary to cover any associated costs, including but not limited to, one or more of the following: • Any fees, expenses, or taxes chargeable against your Xxxx XXX;
Termination of Agreement, Resignation, or Removal of Custodian. Either party may terminate this agreement at any time by giving written notice to the other. We can resign as custodian at any time effective 30 days after we send written notice of our resignation to you. Upon receipt of that notice, you must make arrangements to transfer your Xxxx XXX to another financial organization. If you do not complete a transfer of your Xxxx XXX within 30 days from the date we send the notice to you, we have the right to transfer your Xxxx XXX assets to a successor Xxxx XXX trustee or custodian that we choose in our sole discretion, or we may pay your Xxxx XXX to you in a single sum. We will not be liable for any actions or failures to act on the part of any successor trustee or custodian, nor for any tax consequences you may incur that result from the transfer or distribution of your assets pursuant to this section.
Termination of Agreement, Resignation, or Removal of Custodian. Either party may terminate this agreement at any time by giving written notice to the other. We can resign as custodian at any time. If we resign, Xxxxx-Xxxxxxxx Capital, LLC (“K-M Capital”) may designate and appoint a successor custodian
Termination of Agreement, Resignation, or Removal of Custodian. Either the Custodian or the Responsible Individual may terminate this agreement at any time by
